Fannie Mae plans earnings reports by year-end

WASHINGTON (MarketWatch) -- Mortgage-finance giant Fannie Mae said Thursday it's planning to file a pair of earnings reports by the end of the year, giving investors a clearer view into the company's recent performance.

Fannie Mae plans to file its 2006 financial results by the end of this year, and plans to file its 2005 results by August, Chief Financial Officer Robert Blakely told a financial services forum sponsored by Credit Suisse in Florida.

Fannie Mae
FNM, +7.06%
has been getting back to regular financial reporting since an accounting scandal forced a major restatement, and the ousters of top executives. CEO Daniel Mudd has made regular reporting a top priority.

Meanwhile, moves continue in Congress to create a new regulator for both Fannie Mae and its sister company, Freddie Mac
FRE, +3.34%
which weathered its own accounting scandal. On Wednesday, House Financial Services Committee Chairman Barney Frank, D-Mass., said he's aiming for a vote about the companies next month. Read more.

Lawmakers tried but failed to come up with a new regulator for the companies in the last Congress, bogging down over issues like limiting the massive portfolios of securities held by each company.

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